The weight limit for a piece of luggage is 50 pounds. How many kilograms is this?
2 answers:
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Answer:
The minimum sample size required is 207.
Step-by-step explanation:
The (1 - <em>α</em>) % confidence interval for population mean <em>μ</em> is:
The margin of error of this confidence interval is:
Given:
*Use a <em>z</em>-table for the critical value.
Compute the value of <em>n</em> as follows:
Thus, the minimum sample size required is 207.
Answer: Option 'A' is correct.
Step-by-step explanation:
Since we have given that
30% chance that the company will lose $30000.
40% chance of a break even that there is no loss and no profit.
30% chance that the company will profit $ 60000.
As we know the formula for "Expectation":
So, Expected value will be
Expected value is $9000. So, the company should proceed with the project.
Hence, Option 'A' is correct.